Symmetry Investments LP Buys Shares of 11,200 Onsemi (NASDAQ:ON)

Symmetry Investments LP bought a new stake in shares of Onsemi (NASDAQ:ONFree Report) in the fourth quarter, Holdings Channel reports. The firm bought 11,200 shares of the semiconductor company’s stock, valued at approximately $936,000.

A number of other institutional investors also recently modified their holdings of the stock. Regal Investment Advisors LLC acquired a new stake in shares of Onsemi during the 4th quarter valued at $2,095,000. Elo Mutual Pension Insurance Co boosted its stake in shares of Onsemi by 4.6% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 37,817 shares of the semiconductor company’s stock valued at $3,159,000 after buying an additional 1,671 shares during the period. CastleKnight Management LP acquired a new stake in shares of Onsemi during the 4th quarter valued at $526,000. Soviero Asset Management LP bought a new position in shares of Onsemi during the 4th quarter valued at $4,176,000. Finally, Ossiam raised its holdings in shares of Onsemi by 0.7% during the 4th quarter. Ossiam now owns 314,790 shares of the semiconductor company’s stock valued at $26,294,000 after purchasing an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ON shares. BNP Paribas restated an “underperform” rating and set a $55.00 price target on shares of Onsemi in a report on Friday, April 19th. TD Cowen cut their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. KeyCorp dropped their target price on shares of Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, The Goldman Sachs Group dropped their target price on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and an average price target of $90.28.

Read Our Latest Stock Report on ON

Insider Activity

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the transaction, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is owned by company insiders.

Onsemi Price Performance

Shares of Onsemi stock opened at $72.84 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The firm’s 50-day simple moving average is $70.07 and its 200-day simple moving average is $74.66. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35. The firm has a market cap of $31.34 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 3.29 and a beta of 1.71.

Onsemi (NASDAQ:ONGet Free Report) last issued its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. As a group, research analysts expect that Onsemi will post 3.83 EPS for the current fiscal year.

Onsemi Profile

(Free Report)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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